GoAI
Get started
Hallador Energy Company logo

Hallador Energy Company

HNRG

NASDAQUtilitiesIndependent Power Producers

Open in GoAI

Previous close

$15.38

−$0.15 · -0.97%

Aug 21, 4:00 PM ET

HNRG company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

82

Deep Value

Momentum

28

Weakening

Sentiment

58

Mixed

Risk resilience

49

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Hallador Energy Company focuses on extracting steam coal from its operations within Indiana, primarily supplying this fuel to the electric power generation sector. The company's mining assets include the subterranean Oaktown Mine 1 and Oaktown Mine 2, both situated in Oaktown, Indiana, alongside the Ace in the Hole mine, located near Clay City, Indiana. In addition to its coal activities, Hallador Energy also conducts natural gas exploration throughout Indiana. The firm was established in 1949 and its corporate headquarters are located in Terre Haute, Indiana.

Industry
Independent Power Producers
Sector
Utilities
Headquarters
US
CEO
Brent K. Bilsland
Listed since
Apr 6, 1994
Employees
633

Market position

Day range

Current $15.38

52-week range

Current $15.38

Open
$16.06
Previous close
$15.53
Volume
553.36K
0.62× average
Average volume
891.7K
Average daily volume
Market cap
724.87M USD
Beta
0.3
Market reference 1
50-day average
$16.1822
-4.96% below average
200-day average
$17.9727
-14.43% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
846.43M USD
P/E (TTM)
447.09×
P/B (TTM)
3.81×
P/S (TTM)
1.61×
EV / EBITDA
8.19×
Earnings yield
5.12%
Free cash flow yield
1.46%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-7.08%
Operating margin
3.35%
Net margin
-0.20%
Return on equity
26.20%
Return on assets
9.57%
Return on invested capital
20.01%

Financial health

Debt / equity
0.25×
Current ratio
0.81×
Altman Z-score
2.31
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends67%22%-22%-67%Gross margin, FY2021: 19.71%Gross margin, FY2022: 26.35%Gross margin, FY2023: 52.24%Gross margin, FY2024: 55.84%Gross margin, FY2025: 18.59%Operating margin, FY2021: -2.44%Operating margin, FY2022: 8.41%Operating margin, FY2023: 10.24%Operating margin, FY2024: -53.95%Operating margin, FY2025: 13.01%Net margin, FY2021: -1.52%Net margin, FY2022: 5.00%Net margin, FY2023: 7.06%Net margin, FY2024: -55.92%Net margin, FY2025: 8.92%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.71%. Gross margin FY2022 26.35%. Gross margin FY2023 52.24%. Gross margin FY2024 55.84%. Gross margin FY2025 18.59%. Operating margin FY2021 -2.44%. Operating margin FY2022 8.41%. Operating margin FY2023 10.24%. Operating margin FY2024 -53.95%. Operating margin FY2025 13.01%. Net margin FY2021 -1.52%. Net margin FY2022 5.00%. Net margin FY2023 7.06%. Net margin FY2024 -55.92%. Net margin FY2025 8.92%.

Income trends

Revenue

469.47M USD+16.09%

Operating income

61.06M USD+279.21M USD

Net income

41.87M USD+268.01M USD
Income trends across reported periods720.98M USD376.57M USD32.17M USD−312.24M USDRevenue, FY2021: 247.67M USDRevenue, FY2022: 361.99M USDRevenue, FY2023: 634.88M USDRevenue, FY2024: 404.39M USDRevenue, FY2025: 469.47M USDOperating income, FY2021: −6.04M USDOperating income, FY2022: 30.43M USDOperating income, FY2023: 65.01M USDOperating income, FY2024: −218.16M USDOperating income, FY2025: 61.06M USDNet income, FY2021: −3.75M USDNet income, FY2022: 18.11M USDNet income, FY2023: 44.79M USDNet income, FY2024: −226.14M USDNet income, FY2025: 41.87M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 247.67M USD. Revenue FY2022 361.99M USD. Revenue FY2023 634.88M USD. Revenue FY2024 404.39M USD. Revenue FY2025 469.47M USD. Operating income FY2021 −6.04M USD. Operating income FY2022 30.43M USD. Operating income FY2023 65.01M USD. Operating income FY2024 −218.16M USD. Operating income FY2025 61.06M USD. Net income FY2021 −3.75M USD. Net income FY2022 18.11M USD. Net income FY2023 44.79M USD. Net income FY2024 −226.14M USD. Net income FY2025 41.87M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue469.47M USD404.39M USD634.88M USD361.99M USD247.67M USD
Cost of goods sold382.18M USD178.6M USD303.24M USD266.61M USD198.84M USD
Gross profit87.28M USD225.8M USD331.64M USD95.38M USD48.83M USD
Selling, general, and administrative26.23M USD142.69M USD178.58M USD16.42M USD14.83M USD
Operating expenses26.23M USD443.96M USD266.62M USD64.95M USD54.87M USD
Interest income602K USD————
Interest expense16.9M USD13.85M USD13.71M USD11.88M USD11.07M USD
Depreciation and amortization41.22M USD65.63M USD67.21M USD46.88M USD39.97M USD
Operating income61.06M USD−218.16M USD65.01M USD30.43M USD−6.04M USD
Net income41.87M USD−226.14M USD44.79M USD18.11M USD−3.75M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 4 misses, 1 met estimate
Average EPS surprise
+88.82%
11 comparable reports
Latest EPS result
-0.32
Estimate -0.12 · Miss by 166.67%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.620.28-0.05-0.39Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MetQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 17, 2025: actual -0.02, estimate -0.18, surprise +88.89%, Beat. Q2 2025, reported May 12, 2025: actual 0.23, estimate -0.16, surprise +243.75%, Beat. Q3 2025, reported Aug 11, 2025: actual 0.19, estimate -0.15, surprise +226.67%, Beat. Q4 2025, reported Nov 10, 2025: actual 0.55, estimate 0.06, surprise +816.67%, Beat. Q1 2026, reported Mar 12, 2026: actual -0.01, estimate -0.01, surprise 0.00%, Met estimate. Q2 2026, reported May 6, 2026: actual -0.2, estimate -0.16, surprise -25.00%, Miss. Q3 2026, reported Aug 10, 2026: actual -0.32, estimate -0.12, surprise -166.67%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate 0.15, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates152.72M129.96M107.21M84.45MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 17, 2025: actual 94.8M USD, estimate 95.46M USD, surprise -0.70%, Miss. Q2 2025, reported May 12, 2025: actual 117.79M USD, estimate 100.26M USD, surprise +17.48%, Beat. Q3 2025, reported Aug 11, 2025: actual 102.89M USD, estimate 91.73M USD, surprise +12.16%, Beat. Q4 2025, reported Nov 10, 2025: actual 146.85M USD, estimate 109.97M USD, surprise +33.54%, Beat. Q1 2026, reported Mar 12, 2026: actual 102.4M USD, estimate 103.14M USD, surprise -0.72%, Miss. Q2 2026, reported May 6, 2026: actual 101.81M USD, estimate 102.28M USD, surprise -0.46%, Miss. Q3 2026, reported Aug 10, 2026: actual 101.51M USD, estimate 90.33M USD, surprise +12.38%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 120.14M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$28.17

83.16% upside
Past 12 months12-month forecastHigh $34.00Average $28.17Low $22.50

Rating distribution

6 ratings
Strong buy00%
Buy583%
Hold117%
Sell00%
Strong sell00%

HNRG news

defenseworld.net

Empowered Funds LLC Sells 35,465 Shares of Hallador Energy Company $HNRG

Empowered Funds LLC lowered its stake in Hallador Energy Company (NASDAQ: HNRG) by 42.0% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.…

Read source
seekingalpha.com

Hallador Energy Company (HNRG) Q2 2026 Earnings Call Transcript

Hallador Energy Company (HNRG) Q2 2026 Earnings Call Transcript

Read source
marketbeat.com

Hallador Energy Q2 Earnings Call Highlights

Hallador Energy NASDAQ: HNRG reported a second-quarter net loss as a planned maintenance outage and limited unplanned downtime at its Merom power plant affected profitability, while management highlighted progress on its…

Read source
zacks.com

Hallador Energy (HNRG) Reports Q2 Loss, Beats Revenue Estimates

Hallador Energy (HNRG) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.19 per share a year ago.

Read source
defenseworld.net

Dimensional Fund Advisors LP Has $16.66 Million Stock Holdings in Hallador Energy Company $HNRG

Dimensional Fund Advisors LP increased its holdings in shares of Hallador Energy Company (NASDAQ: HNRG) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and…

Read source
globenewswire.com

Hallador Energy Company Schedules Second Quarter 2026 Conference Call for August 10, 2026 at 5:00 p.m. ET

TERRE HAUTE, Ind., July 27, 2026 (GLOBE NEWSWIRE) -- Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”), will host a conference call on Monday, August 10, 2026, at 5:00 p.m.

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.16

2019 complete year0.0% since 2015

Corporate action history

Dividend

Ex-dividend Jan 30, 2020

$0.04

Quarterly

Record Jan 31, 2020 · Payment Feb 14, 2020

Dividend

Ex-dividend Oct 30, 2019

$0.04

Quarterly

Record Oct 31, 2019 · Payment Nov 15, 2019

Dividend

Ex-dividend Jul 30, 2019

$0.04

Quarterly

Record Jul 31, 2019 · Payment Aug 16, 2019

Dividend

Ex-dividend Apr 29, 2019

$0.04

Quarterly

Record Apr 30, 2019 · Payment May 17, 2019

Dividend

Ex-dividend Jan 30, 2019

$0.04

Quarterly

Record Jan 31, 2019 · Payment Feb 15, 2019

Dividend

Ex-dividend Oct 30, 2018

$0.04

Quarterly

Record Oct 31, 2018 · Payment Nov 16, 2018

HNRG peers

Constellation Energy Corporation logo

CEG

Constellation Energy Corporation

$272.88

-0.01%

American Electric Power Company, Inc. logo

AEP

American Electric Power Company, Inc.

$120.94

-3.79%

Xcel Energy Inc. logo

XEL

Xcel Energy Inc.

$76.30

-3.06%

Exelon Corporation logo

EXC

Exelon Corporation

$43.78

-2.84%

Evergy, Inc. logo

EVRG

Evergy, Inc.

$80.92

-2.69%

Alliant Energy Corporation logo

LNT

Alliant Energy Corporation

$67.86

-2.30%

ETFs holding HNRG

Funds reporting this stock among their holdings, ordered by reported position size.

Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
22.57M
Weight
0.07%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
14.98M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
13.99M
Weight
0.02%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Fidelity Enhanced Small Cap ETF logoFidelity Enhanced Small Cap ETFFESM
Market value
8.61M
Weight
0.13%
AUM
6.03B USD
Expense ratio
0.28%
Price / 1D
$47.94+0.80%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
6.26M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
5.15M
Weight
0.03%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
Vanguard Utilities ETF logoVanguard Utilities ETFVPU
Market value
3.46M
Weight
0.03%
AUM
10.6B USD
Expense ratio
0.09%
Price / 1D
$185.03-2.26%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
2.82M
Weight
0.02%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%

Continue in GoAI

Research HNRG

research.disclaimer